No. of Recommendations: 4
Flows are still increasing, and becoming more steady:
yahoo.com - Iran lost considerable leverage straitOil and petroleum product flows through the critical chokepoint averaged 13.1 million barrels per day last week, according to Kpler, a marine data tracking service. That's just under 80% of the 17.1 million barrels that had traveled through the strait each day before the war broke out.
"Given such a strong volume passing through the strait, it is clear Iran is losing its influence over it," said Matt Smith, director of commodity research at Kpler.Also bear in mind that no part of the 80% is coming from Iran. They are fully blockaded and their exports through the Gulf are at zero. Prior to the war the Iranians were roughly 3.35M bbl/day out of ~21M bbl/day, or ~16%.
Which means that when we remove Iran's oil exports a more nominal number of bbl/day is 17.65M bbl/day. We are at roughly 74% of shipment capacity at the moment then. I believe this includes what ARAMCO is sending through their Red Sea pipeline.
Not there yet, but making steady progress.
